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IMF Staff Discussion Note

by Thomas Baunsgaard Mauricio Villafuerte Marcos Poplawski-Ribeiro Christine Richmond

A report from the International Monetary Fund.

Managing the Oil Revenue Boom: The Role of Fiscal Institutions

by Theo Thomas Rolando Ossowsk Mauricio Villafuerte Paulo A. Medas

Oil-producing countries have benefited from rising oil prices in recent years. the increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.

Strategies for Fiscal Consolidation in the Post-Crisis World

by Stephanie Eble Cemile Sancak Mauricio Villafuerte Olivier Basdevant Ricardo Velloso S.M. Ali Abbas Greetje Everaert Jan Gottschalk Fuad Hasanov Junhyung Park

In response To The global financial crisis, governments provided substantial support To The financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, In many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.

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Here is an overview of the specialized formats that Bookshare offers its members with links that go to the Help Center for more information.

  • Bookshare Web Reader - a customized reading tool for Bookshare members offering all the features of DAISY with a single click of the "Read Now" link.
  • DAISY (Digital Accessible Information System) - a digital book file format. DAISY books from Bookshare are DAISY 3.0 text files that work with just about every type of access technology that reads text. Books that contain images will have the download option of ‘DAISY Text with Images’.
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